new york mercantile exchange

Hurricane Sandy Closes All U.S. Stock Exchanges

The New York Stock Exchange will close its trading floor Monday as Hurricane Sandy barrels its way up the Northeast, but Big Board trading will continue electronically. NYSE Euronext said Sunday it is putting in place its contingency plans beginning Monday and will announce later when the trading floor will reopen.

Oil Prices Retreat to Near $85 a Barrel Thanks to Plentiful Supply

Ample supplies helped send oil prices down to near $85 per barrel on Friday.Benchmark oil for December delivery was down 80 cents to $85.25 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. Oil hasn't been that low since July 10.

Oil Prices Slide Due to Global Gloom Over Economic Outlook

The price of oil slipped below $92 a barrel on Monday as closely watched surveys showed the global economy remains weak. By early afternoon in Europe, benchmark oil for November delivery was down 47 cents to $91.72 a barrel in electronic trading on the New York Mercantile Exchange.

Oil Hovers Around 8-Month Lows Near $80

Oil prices hovered around 8-month lows near $80 a barrel Thursday after the U.S. central bank balked at implementing vigorous stimulus measures to boost waning economic growth and U.S. crude stockpiles rose unexpectedly.

Oil Prices Hit 8-Month Low as Spain Optimism Fade

The price of oil hovered above $82 a barrel Tuesday after touching an eight-month low near $81 earlier in the session amid concern Spain's bank bailout won't be enough to stem Europe's debt crisis and suggestions OPEC could boost production targets.

Cautious Investors Stay Focused on Europe's Woes

Stock markets in Europe traded in fairly narrow ranges Monday as Germany's leader warned that Greece may not get its next batch of bailout cash. Chinese shares surged after authorities pledged to increase bank lending to entrepreneurs. Europe's stumbling efforts to get a handle on its debt crisis remains the focus of interest in the markets.

Take My Wealth, Please: Why Some 1%-ers Back the 99%

Millions of Americans who once viewed themselves in vague terms now see the world divided into two sharply defined groups: the 99% and the 1%. But the line isn't so clear cut, and many of the wealthy have been reaching across it for quite awhile.

Wall Street's Hurricane Irene Contingency Plan

When it comes to bold weather-related boasts, it's hard to beat the Post Office's unofficial motto: "Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds." Yet even the USPS pales beside the standard set by the New York Stock Exchange: Wall Street hasn't closed for weather since Hurricane Gloria in 1985.

Five Ways the Government Could Make Oil Prices Fall

Fears over Mideast turmoil have pushed oil and gas prices sky high, which risks tipping the U.S. economy back in to a recession. But the government isn't powerless when it comes to oil prices: Here are five things that Washington and the states can do that would quickly reduce our pain at the pump.

High Heating Oil Prices Continue to Drain Wallets

Winter in the Northeast was particularly brutal this year, but not enough to account for the likely record prices. Blame crude oil's recent price jump for that. But the pain could become even worse if Obama's proposed cut in low-income energy subsidies passes.